Jefferies Group LLC Reaffirms “Underperform” Rating for Talktalk Telecom Group PLC (TALK)
Jefferies Group LLC restated their underperform rating on shares of Talktalk Telecom Group PLC (LON:TALK) in a research note published on Wednesday morning. Jefferies Group LLC currently has a GBX 125 ($1.61) price target on the stock.
A number of other brokerages also recently weighed in on TALK. Royal Bank Of Canada raised shares of Talktalk Telecom Group PLC to an outperform rating and boosted their price objective for the company from GBX 185 ($2.39) to GBX 225 ($2.91) in a research report on Thursday, May 18th. Goldman Sachs Group, Inc. (The) downgraded shares of Talktalk Telecom Group PLC to a sell rating and lowered their price objective for the company from GBX 190 ($2.45) to GBX 150 ($1.94) in a research report on Wednesday, May 24th. Barclays PLC reaffirmed an overweight rating and set a GBX 185 ($2.39) price objective on shares of Talktalk Telecom Group PLC in a research report on Thursday, June 8th. Berenberg Bank downgraded shares of Talktalk Telecom Group PLC to a sell rating and lowered their price objective for the company from GBX 224 ($2.89) to GBX 140 ($1.81) in a research report on Monday, June 12th. Finally, Deutsche Bank AG lowered their price objective on shares of Talktalk Telecom Group PLC from GBX 280 ($3.62) to GBX 230 ($2.97) and set a buy rating for the company in a research report on Monday, June 26th. Nine research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 172.94 ($2.23).
Talktalk Telecom Group PLC (LON TALK) opened at 212.20 on Wednesday. The stock’s market cap is GBX 2.02 billion. Talktalk Telecom Group PLC has a 12-month low of GBX 144.96 and a 12-month high of GBX 221.30. The company’s 50 day moving average price is GBX 197.12 and its 200-day moving average price is GBX 185.53.
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About Talktalk Telecom Group PLC
TalkTalk Telecom Group PLC is a provider of fixed line broadband, voice telephony, mobile and television services. The Company serves over four million residential and business customers under the TalkTalk and TalkTalk Business brands. TalkTalk residential packages offer broadband, phone, television and mobile services.
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